The manufacturer now expects an adjusted operating margin of around 1%, down from its previous forecast of 6.5%, and negative free cash flow of EUR 1.5 billion.
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The Belgian regions of Flanders and Wallonia are joining forces in an effort to keep Lineas, the main rail freight operator in the country, alive. The two regions, with a couple of Belgian banks, will provide a total of 46 million euros to keep the company financially afloat. Lineas has been struggling financially, mostly due…